Macquarie Infrastructure (MIC) Tops Q1 EPS by 8c

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Go back to Macquarie Infrastructure (MIC) Tops Q1 EPS by 8c

MIC Reports First Quarter 2019 Financial and Operational Results

May 1, 2019 5:15 PM EDT

NEW YORK, May 1, 2019 /PRNewswire/ -- Macquarie Infrastructure Corporation (NYSE: MIC) today announced its first quarter 2019 financial results including net income from continuing operations of $64 million, up 60% versus the prior comparable period. The Company's results include the receipt of the previously disclosed refinery termination fee of $39 million by its IMTT subsidiary.

MIC reported Adjusted EBITDA excluding non-cash items from continuing operations of $203 million, up 25% versus the prior comparable period. Increased contributions from Atlantic Aviation, from IMTT including the refinery fee, and from MIC Hawaii as a result of new utility... More